A recent Goldman Sachs report revealed that Democratic nominee and current US Vice President Kamala Harris would be better for the US economy if she triumphs over former President Donald Trump to win the upcoming November elections. The investment bank's analysis revealed that Harris's win could mean 30,000 more jobs monthly than a Republican win.
Moreover, Goldman Sachs indicated that Harris's economic agenda to support the middle class and small businesses would boost consumer spending and support the overall US economy. She plans to reduce elevated living costs by banning price-gouging on groceries, offering $6,000 in tax credits to families with newborns, and providing $25,000 downpayment assistance for first-time homebuyers. The investment bank believes these measures would offset any negative effects of higher taxes on large corporations and high-net-worth individuals.
